Reports from the Central Reserve Bank (BCR) confirmed that exports had an interannual drop of 588 million dollars, that is, exports of goods contracted by 8.9 percent in November, which marks a trend in recent months due to lower demand from international markets, especially for textiles.

Exports are in second place in income for the country, behind remittances, which brought in over 7 billion dollars in the first eleven months of 2023, a 4.9 percent growth compared to 2022.

The president of the Exporters Corporation of El Salvador (Coexport), Silvia Cuéllar, stated that they are announcing new investments in the area of export services, such as call centers, and they anticipate that new export companies will arrive in El Salvador, and highlighted that the country is working to add exports from the production of medical devices and developed services such as advertisements, films, among others.

The CEO of the Exporters anticipated that in 2024 the flow will continue to be the same or better than this year. “It is not that we are going to have a great improvement in terms of products such as the textile sector, but we do believe that we are going to have new investments and services that are already being announced,” she said.

Cuéllar highlighted what the food sector can contribute. “Our products are in high demand abroad. We are exporting food to the United States, Central America, Mexico, and the Caribbean and we are taking products to Europe,” she assured.

She also outlined strategies to increase sales and have greater reception in markets in the Dominican Republic, Spain, Mexico and the United States, where they have an impact but are planning to increase their presence with new productions.

To this could be added the signing of a Free Trade Agreement with China that is in the process of negotiation and that would give a strong boost to the sales of products such as coffee, sugar and other products.

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